The stock of Lendingtree Inc (NASDAQ:TREE) is a huge mover today! About 116,339 shares traded hands. Lendingtree Inc (NASDAQ:TREE) has declined 8.06% since April 18, 2016 and is downtrending. It has underperformed by 12.49% the S&P500.
The move comes after 9 months positive chart setup for the $1.21 billion company. It was reported on Nov, 18 by Barchart.com. We have $122.54 PT which if reached, will make NASDAQ:TREE worth $314.60 million more.
Lendingtree Inc (NASDAQ:TREE) Ratings Coverage
Out of 10 analysts covering LendingTree (NASDAQ:TREE), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. LendingTree has been the topic of 14 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Lendingtree Inc (NASDAQ:TREE) has “Buy” rating given on Friday, September 16 by Mizuho. The firm has “Buy” rating given on Tuesday, August 4 by Needham. On Monday, October 26 the stock rating was maintained by BWS Financial with “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 9. The firm has “Buy” rating by Topeka Capital Markets given on Wednesday, November 18. The firm earned “Buy” rating on Tuesday, October 27 by Needham. The stock has “Buy” rating given by Loop Capital on Wednesday, October 12. Bank of America upgraded the shares of TREE in a report on Thursday, December 10 to “Buy” rating. BWS Financial maintained Lendingtree Inc (NASDAQ:TREE) on Tuesday, August 4 with “Buy” rating. Compass Point initiated it with “Buy” rating and $100 target price in Thursday, June 2 report.
According to Zacks Investment Research, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.18, from 1.13 in 2016Q1. The ratio dived, as 40 funds sold all Lendingtree Inc shares owned while 40 reduced positions. 27 funds bought stakes while 63 increased positions. They now own 9.37 million shares or 1.54% more from 9.23 million shares in 2016Q1.
Moreover, Whittier has 0% invested in Lendingtree Inc (NASDAQ:TREE) for 35 shares. Putnam Investments Limited Liability Corp owns 45,584 shares or 0.01% of their US portfolio. Gabelli Funds Ltd Llc has 57,000 shares for 0.03% of their US portfolio. Passport Cap Lc has 270,364 shares for 0.44% of their US portfolio. Advisory Serv Net Limited Liability Company has 0.1% invested in the company for 4,974 shares. Scout Invests Inc last reported 49,925 shares in the company. The Ohio-based Zelman Capital Ltd Liability Company has invested 0.94% in Lendingtree Inc (NASDAQ:TREE). Moreover, Cim Investment Mangement has 0.1% invested in Lendingtree Inc (NASDAQ:TREE) for 2,850 shares. Goldman Sachs Grp Inc has invested 0% of its portfolio in Lendingtree Inc (NASDAQ:TREE). Millennium Mgmt Llc holds 3,009 shares or 0% of its portfolio. Thrivent Financial For Lutherans reported 3,390 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. The Iowa-based Principal Inc has invested 0.01% in Lendingtree Inc (NASDAQ:TREE). South Dakota Investment Council has 9,000 shares for 0.02% of their US portfolio. Oz Mngmt L P owns 32,700 shares or 0.02% of their US portfolio.
More news for Lendingtree Inc (NASDAQ:TREE) were recently published by: Prnewswire.com, which released: “LendingTree, Inc. to Host Investor and Analyst Day on December 13, 2016” on October 25, 2016. Prnewswire.com‘s article titled: “LendingTree Reports Q3 2016 Results” and published on October 27, 2016 is yet another important article.
TREE Company Profile
LendingTree, Inc. (LendingTree), formerly Tree.com, Inc., incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers. The Firm offers a range of loan types and other credit offerings for its consumers. The Firm operates through Lending activities segment. The Company’s online marketplace provides clients with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings. In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit offerings. The Firm allows clients to submit their relevant information to it through an inquiry form, and it seeks to match in-market clients with multiple lenders on its marketplace. The Firm offers its products in categories, including mortgage products and non-mortgage products.
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